After breaking support around the $187s, we're now looking to see if it closes below those levels and continues to the downside of about $160.
As most have pointed out, we still have a $154 Gap from Mid-Jan when TSLA begins the recovery in this longer-term downtrend that we've been in since the drop of the price from the $400s. So potential to see that Gap Filled of course before determining the moves forward.
We will be looking for a potential bounce back to the upside during the Intraday Trading Session we will look to potentially enter some Shorts that are a little longer term to lower our Theta Drain while TSLA takes it time to make it back to those $160 Levels.
As most have pointed out, we still have a $154 Gap from Mid-Jan when TSLA begins the recovery in this longer-term downtrend that we've been in since the drop of the price from the $400s. So potential to see that Gap Filled of course before determining the moves forward.
We will be looking for a potential bounce back to the upside during the Intraday Trading Session we will look to potentially enter some Shorts that are a little longer term to lower our Theta Drain while TSLA takes it time to make it back to those $160 Levels.
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Momentum Indicators removed for clarity:
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15-Min Chart - Momentum Indicators removed for clarity
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Updated on this short trade. TSLA is following that downward arrow that we identified. Curious to see how the markets react to J Powell's testimonial to Congress today regarding the state of the economy.
Updated on this short trade. TSLA is following that downward arrow that we identified. Curious to see how the markets react to J Powell's testimonial to Congress today regarding the state of the economy.
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Just wanted to update you all as we're still holding the shorts that we posted above which is why we haven't made any new updates.
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Notes on closing trade are in the chart.
Stay tuned for more as we use the above chart for our next trade idea
Connect with us to show your support, discuss more, and growth with us at MyMI Wallet! Website in signature
Notes on closing trade are in the chart.
Stay tuned for more as we use the above chart for our next trade idea
Connect with us to show your support, discuss more, and growth with us at MyMI Wallet! Website in signature
